China’s GDP already surpasses the 19 countries that make Eurozone in 2018

by

China’s gross domestic product is forecast to reach about $13.2 trillion in 2018, beating the $12.8 trillion combined total of the 19 countries that use the euro, according to data compiled by Bloomberg. Nextbigfuture calculates that China is already at $13.35 trillion and should end 2018 at $14.5 trillion. This would mean China would have more GDP than Eurozone plus another Spain.

The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

China’s GDP was over 82.71 trillion yuan [$12.84 trillion] in 2017. The Exchange rate was 6.45 at the end of 2017.

At the end of March, 2018 China’s GDP is about 84.5 trillion yuan which is USD13.35 trillion at the 6.33 exchange rate.

In Match, 2018, China+Hong Kong + Macau GDP is UDS13.75 trillion.

Hong Kong ‘s GDP was $333 billion in 2017 (3.7% growth from $320.9 billion in 2016).

Macau was at $55 billion in 2017.

China had 6.9% GDP growth in 2017 and the forecasts are for 6.8% in 2018 and 6.4% in 2019. With yuan exchange rates of 6.2 at the end of 2018 and 6.0 at the end of 2019. China’s inflation is about 1.5 to 2.0%.

China’s GDP would be projected as the following

Year    GDP in RMB           Exchange   Nominal GDP      GDP with HK and Macau
2018    90.0 trillion        6.2        14.54 trillion   14.94 trillion
2019    98 trillion          6.0        16.2 trillion    16.6 trillion
2020    108 trillion         6.0        18.0 trillion    18.5 trillion

From 2023 to 2027, the difference in the size of US and China economy will be plus or minus 10%. This will be within possible exchange rate fluctuations.